The President just said if he is re-elected, the first thing he is going to do is eliminate the federal employment payroll tax. The way that can be done is have corporate taxes and a flat 2-3% sales tax and that gives us the choice if we want to pay any federal taxes.that's great cause the money we save from not paying fed. tax would save us 8-15% even paying the 2-3% that's for people making less than 100K this well also stop the blue states from steeling our money for their communist ways for their states. EDIT everyone needs too know the president never said he was going to start a new user tax, that was my assumption to make up the revenue
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I'm not sure I'm following you. You want to eliminate the 12.4% social security tax (6.2% employee, 6.2% employer) in favor of a 3% national sales tax?
Or do you want to eliminate the federal income tax brackets (0-37%) in favor of a 3% national sales tax?
this was my original meaning but after receiving multiple replies saying this is SS and medicare tax. I would have to rethink a lot of the statement, I do realize that almost if not all of our national debt is owed to SSI, in the presidents statement he said it would all be paid from the general fund, this is kind of what I was thinking it might mean (which would stop the dems from stealing from those funds because they wouldn't be available) They can only spend what is available and he must be taking that away from them, I''m guessing